Mercantilism impacted the European colonization of North America significantly. ... The European countries would then use these raw materials to make finished products. These products would be sold to the colonies. By having colonies, the European countries would have a guaranteed market for their products.
If you're asking if it's true than Yes
What are the central ideas of Smith's text and what is the purpose of his account?
Two key events led to its being named the Negro National Anthem: In 1905, Booker T. Washington endorsed it, and in 1919, it became the official song of the NAACP.